The size of the informal economy in Nigeria: a structural equation approach
| Autor: | Omobola Adu, Roberto Dell'Anno |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Estimation
Economics and Econometrics education.field_of_study Informal sector National accounts 05 social sciences Population Nigeria General Social Sciences Structural equation approach Total population 01 natural sciences Gross domestic product MIMIC Informal economy 010104 statistics & probability 0502 economics and business Economics Econometrics 0101 mathematics education 050203 business & management |
| Zdroj: | International Journal of Social Economics. 47:1063-1078 |
| ISSN: | 0306-8293 |
| DOI: | 10.1108/ijse-12-2019-0747 |
| Popis: | PurposeThis paper contributes to the literature concerning the Nigerian informal economy (IE) by estimating its size from 1991 to 2017 and identifying the major causes.Design/methodology/approachA structural equation approach in the form of the multiple indicators multiple causes (MIMIC) method is used to estimate the size of the Nigerian IE.FindingsThe results indicate that vulnerable employment and urban population as a percentage of the total population are the main drivers of the IE in Nigeria. The IE in Nigeria ranges from 38.83% to 57.55% of gross domestic product (GDP).Research limitations/implicationsAs a result of the empirical challenges in the estimation of the IE, the estimates of Nigeria's IE are considered to be rough estimates.Originality/valueThe authors calibrated the MIMIC model with the official estimate of the informal sector published by the Nigerian National Bureau of Statistics (NBS). This was an attempt to combine the national accounting approach, to estimate the size of IE, with the MIMIC approach, and to estimate the trend of informality. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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